Serik Satayev
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Dammam, Saudi Arabia

Eastern Province: where family capital builds industry

For Kazakhstan, the interest is not only Gulf capital. It is industrial partnership.

Dammam is the industrial heart of Saudi Arabia's Eastern Province. Here I visited a large pipe-manufacturing plant that belongs to a family industrial group I have known for years.

At the plant, Dammam
At the plant, Dammam

The Gulf's family groups think in generations. They build plants, form joint ventures with Asian and international partners and treat safety as a discipline: “Safety is everybody's job” is written on the wall, and it shows on the shop floor.

For Kazakhstan, the interest is not only Gulf capital. It is industrial partnership: joint ventures with technology transfer and a management team, local production of pipe and steel products for energy and mining. This is the kind of project I am open to working on.

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